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Markets take check

Close price: Tiny relief in prices yesterday, as markets has little to report to keep them pushing higher for once. EU states agreeing a voluntary 7% gas demand reduction provided some weak bearish news. The fact its only 7% and ‘voluntary’ is not the strongest response.

Opening price: UK System looks well balanced. Prices were down again front month, but since reversed higher, looking for direction it seems. Next week will see a raft of UKCS planned outages, which is going to see a tighter system to navigate.